Zumiez, Inc. (ZUMZ) Tops Q4 EPS by 5c, Revenues Beat

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q4 EPS of $1.68, $0.05 better than the analyst estimate of $1.63. Revenue for the quarter came in at $331.5 million versus the consensus estimate of $327.27 million.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We are extremely proud of how our organization executed during a year of significant and unfamiliar challenges. Our one channel approach to retail and relentless focus on serving the consumer allowed to us to achieve annual sales close to fiscal 2019 levels and record profitability despite our stores around the world being closed for approximately 22% of the possible operating days. Our recent performance, including during the holiday season, has strengthened our operation and financial foundation and enhanced our competitive advantages. While the near-term environment is likely to remain volatile due to uncertainty surrounding the virus, we believe we are well positioned with a strong balance sheet and differentiated strategies to further expand our global market share and continue generating meaningful value for our shareholders in the years ahead.”

Outlook

Due to the continued fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the Company is not providing an outlook at this time for the first quarter or the year.

For earnings history and earnings-related data on Zumiez, Inc. (ZUMZ) click here.

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